Binary.com: The Ultimate Guide to Trading with the Binary Options Broker

Introduction

Binary options trading has gained popularity over the years after becoming available to retail traders through brokerage firms. One of the brokers that emerged during this time is Binary.com. It is a unique platform that offers both traditional trading and binary options trading. Binary.com has gained popularity because of its user-friendly interface, a wide range of assets, and innovative trading tools. In this article, we will guide you on how to trade with Binary.com and take advantage of their services.

What is Binary.com?

Binary.com is a financial platform that offers various investment options to traders. Its primary focus is on binary options trading, but it also offers forex trading, CFDs, and cryptocurrency trading. The platform began operating in 2000 under the name Betonmarkets.com but rebranded in 2013. The company is licensed and regulated by the Malta Financial Services Authority, the UK Gambling Commission, and the Isle of Man Gambling Commission.

Account Types

Binary.com offers three types of accounts: Virtual, Real, and Financial. The virtual account is a demo account that allows traders to practice and test trading strategies without risking real money. The Real account is a standard account that requires a minimum deposit of $5. Traders can access all the assets and trading tools that Binary.com offers. The Financial account is for professional traders and requires a high minimum deposit amount. This account comes with additional features like reduced spreads.

Assets and Markets

Binary.com offers over 100 assets, including stocks, indices, commodities, and currencies. With the Forex platform, traders can access more than 50 forex pairs. Binary.com’s range of assets is much smaller than what other brokers offer, but its range of tradable markets is impressive. Binary.com allows its traders to buy and sell contracts with a start time ranging from 10 seconds to 365 days. This means that traders can profit from market movements in a short or long time frame.

Withdrawals and Deposits

Binary.com has a variety of deposit and withdrawal options that are easy to use. Traders can deposit funds using credit or debit cards, wire transfers, or e-wallets such as Skrill, Neteller, and Perfect Money. Withdrawals are also processed through the same methods. However, traders must provide identification documents to verify their account details before making a withdrawal.

Trading Platforms

Binary.com offers two trading platforms: Binary Bot and the MetaTrader 5 platform. The Binary Bot platform is a user-friendly interface that is suited for beginners. It offers a range of trading tools, including technical indicators, charts, and graphs. The MetaTrader 5 platform is a more advanced platform designed for professional traders. It offers advanced charting tools, expert advisors (robots), and an economic calendar.

Binary Options Trading

Binary options trading is a simple and straightforward way to invest in assets. Traders must predict whether an asset’s price will rise or fall at a specified time frame. They need to choose from two options: call and put. A call option predicts that an asset’s price will go up, while a put option predicts that an asset’s price will go down. Binary options trading has three types of markets, including High/Low, Touch/No-Touch, and In/Out.

High/Low

High/Low is the most common type of binary options trading. Traders predict whether an asset’s price will be higher or lower than the current market price at the expiry time of the contract.

Touch/No-Touch

The Touch/No-Touch option is where traders predict whether an asset’s price will touch or not touch a predetermined price point before the contract expires.

In/Out

In/Out trading requires traders to predict whether the asset’s price will stay within or outside a predetermined range before the contract expires.

Binary.com Trading Tools

Binary.com offers various tools that traders can use to analyze the market and make informed trading decisions. These tools include:

• Live Charts
• Indicators
• Market Analysis
• Market News
• Economic Calendar

Binary.com Bonuses and Promotions

Binary.com has attractive trading bonuses and promotions for its traders. The deposit bonuses vary depending on the account type, with the Financial account having the highest bonus. Additionally, Binary.com occasionally offers promotions that can be redeemed via a bonus code or by enabling a checkbox during the deposit process.

Binary.com Customer Support

Binary.com provides customer support via email, live chat, and phone. They also offer multilingual support for non-English speakers. The customer support team is friendly and knowledgeable, and they respond promptly to inquiries or requests.

Conclusion

Binary.com is a well-established platform that has gained immense popularity over the years due to its user-friendly interface, innovative trading tools, and attractive bonuses and promotions. With over 100 tradable markets, a range of assets, and two trading platforms to choose from, traders can find investment opportunities that suit their trading style. Whether you are a beginner or an experienced trader, Binary.com offers a range of accounts and customized tools to cater to your needs.